EPIC RESEARCH MCX Gold UPDATE OF 28 November 2018
Posted by Commodity Updates by Epic Research on 12:28:00 with No comments
Gold trading range for the day is 30201-30731.
* Gold fell as the dollar rallied after comments from Fed’s Vice Chair Clarida bolstered expectations that the central bank would continue raising interest rates.
* U.S. President Donald Trump seemed to quash hopes of a trade truce with China, dampening risk appetite across the region.
* China’s net gold imports in October via main conduit Hong Kong more than doubled from a more than seven-year low touched the previous month.
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